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i'm a fan of cuts in everything other than defense. don from north carolina says democrats talk about raising the debt ceiling to $19 trillion. i doubt that rubber band can be stretched further before it snaps. i trust wal-mart bonds more than treasuries. ted says how right you are, gei. love when they say that. the votes left the country working less than before, and not long before it stobs ming at all. %-one of the many drains or california taxpayers, you know it, it's the rising cost of public universities across the state, but your money is well spent, that is, if you smoke marijuana. humboldt university created the institute for marijuana research. the institute plans to sponsor scholarly lectures and coordinate speeches across researchersing inning economics,
i'm a fan of cuts in everything other than defense. don from north carolina says democrats talk about raising the debt ceiling to $19 trillion. i doubt that rubber band can be stretched further before it snaps. i trust wal-mart bonds more than treasuries. ted says how right you are, gei. love when they say that. the votes left the country working less than before, and not long before it stobs ming at all. %-one of the many drains or california taxpayers, you know it, it's the rising cost of...
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Nov 28, 2012
11/12
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by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary non-defense spending, over $1 trillion, it includes revenue and includes $340 billion in savings from our health care entitlement programs. >> fairly unequivocal, isn't it? it's a mixture of pretty substantial spending cuts and tax increases. >> we haven't seen the plan. i haven't seen the plan. i don't think the speaker -- >> are you accusing the president of lying? is the president lying? >> where is the plan? >> is he lying? >> i don't think the plan's out there. i think jay carney might be but i don't see the plan. maybe they have a plan. >> jay carney is lying and he's the white house spokesman. >> no. >> they're lying, are they? >> i'm not saying that. piers, maybe they've got -- >> you just did. you just called him a liar. >> they haven't shared the plan with the american people. paul ryan and the republicans in congress have passed twice now and last year -- excuse me, two years ago as well, a ten year plan for a budget that deals with the ten-year debt window, that deals with the deficit
by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary non-defense spending, over $1 trillion, it includes revenue and includes $340 billion in savings from our health care entitlement programs. >> fairly unequivocal, isn't it? it's a mixture of pretty substantial spending cuts and tax increases. >> we haven't seen the plan. i haven't seen the plan. i don't think the speaker -- >> are you accusing the president of lying? is the...
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Nov 28, 2012
11/12
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is there a defense for this? >> not really. i think -- but you have to look again to the wider -- program that they're proposing which is lloyd blankfein said in his "wall street journal" op-ed, he would be happy to have his taxes raised. a lot of these guys to their credit have said they're willing to have their taxes raised. so clearly there has to be more than just a cut entitlements part of this problem. >> eliot: i give lloyd credit. when you have been intensely critical of this. why so harsh on them? they're saying some reasonable things. >> well, i think that in some ways, gold has gotten a little but bit out of alignment. there was a time when ceos would not so brazen as to talk about cutting entitlements in a time when a lot of people are suffering and we have a huge jobs deficit. that's the real deficit that we need to worry about right now. for example jeffrey is part of this group. going around talking about cutting social safety net. his predecessor from the 20s and 40s owen young talked publicly about economic equ
is there a defense for this? >> not really. i think -- but you have to look again to the wider -- program that they're proposing which is lloyd blankfein said in his "wall street journal" op-ed, he would be happy to have his taxes raised. a lot of these guys to their credit have said they're willing to have their taxes raised. so clearly there has to be more than just a cut entitlements part of this problem. >> eliot: i give lloyd credit. when you have been intensely...
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Nov 28, 2012
11/12
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stuart: a defense was charles payne gets grilled by john stewart on the daily show but after the break charles gets a chance to respond. stay right there. stuart: charles payne got roasted by john stuart on a daily show last night. >> it is a stretch, an amazing stretch to try to pin this on walmart. i can't think of the worst target. >> i believe that is walmart's slogan. think of the worst target. you were being callously dismissive of the working conditions in bangladesh to score points against american unions. charles: don't think the people in bangladesh don't need those jobs as well. we like to victimize everyone in this country when it comes to motivation which is being assaulted. >> you're first argument seems to be they died in a fire but they had jobs. stuart: it is funny but they chalked it up and you weren't talking in that frame of reference at all. charles: i started off ironically comparing this to the triangle -- factory fire in 1911 and gave the unions props because we did need unions and better conditions but i also said because unions did the thing on black friday an
stuart: a defense was charles payne gets grilled by john stewart on the daily show but after the break charles gets a chance to respond. stay right there. stuart: charles payne got roasted by john stuart on a daily show last night. >> it is a stretch, an amazing stretch to try to pin this on walmart. i can't think of the worst target. >> i believe that is walmart's slogan. think of the worst target. you were being callously dismissive of the working conditions in bangladesh to score...
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Nov 28, 2012
11/12
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on the non-defense side, i think there are savings to be found. a hats off to debbie and pat roberts putting gather a reform bill that saves us money in the next 10 years. that is something that hits my state. there are other areas where savings can be found. we need to look at those honestly. i think infrastructure is one area which we should consider a revenue source toward an infrastructure bank. we are not spending enough or investing enough in the infrastructure of america. today, china invests 9% of its gross domestic product in its infrastructure. europe, 5%. america, 2.5%, barely enough to sustain and repair what we have in place. there are no grand visions i had about infrastructure and there should be carried beyond the obvious of highways and airports, we have to be thinking about our energy infrastructure in this country and whether it serves our economy well. we have already seen thoughtful suggestions on on both sides of the aisle. when it comes to spending and future, we need to be thoughtful about ways to fund infrastructure. many
on the non-defense side, i think there are savings to be found. a hats off to debbie and pat roberts putting gather a reform bill that saves us money in the next 10 years. that is something that hits my state. there are other areas where savings can be found. we need to look at those honestly. i think infrastructure is one area which we should consider a revenue source toward an infrastructure bank. we are not spending enough or investing enough in the infrastructure of america. today, china...
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Nov 28, 2012
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certain problems with the defense bill? not do you want this veteran to die? in the case that i cited in which i was the subject of that ad, the issue was embreeon exstem cell research. embryonic stem cell research. not the question of what is the ethical thing to do in a very difficult circumstance. former president george w. bush had a speech in which he addressed whether you would have lines of stem cell research allowed that originated from embryos. the question of when life begins, is that an individual? is it a potential individual? is it an individual who hasy right -- has any rights? none of that talked about in the ad. the question of local core blood stem cells, of which i have been privileged to be a leader with steve smith in new jersey, having a press conference with dr. j. because we found that using blood cord stem cells had been applied to some people with success, including, i believe, some in this nation who suffer from sickle cell anemia. forgetting totally about adult stem cell the -- stem cells, the wee
certain problems with the defense bill? not do you want this veteran to die? in the case that i cited in which i was the subject of that ad, the issue was embreeon exstem cell research. embryonic stem cell research. not the question of what is the ethical thing to do in a very difficult circumstance. former president george w. bush had a speech in which he addressed whether you would have lines of stem cell research allowed that originated from embryos. the question of when life begins, is that...
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Nov 28, 2012
11/12
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democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure somet
democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense....
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Nov 28, 2012
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there's got to be fat in the defense industry. >> what about aetna who says this is going to lead to layoffs to the point where it increases their medical costs. so they're going to lay off people. >> we should introduce our nobel laureate. >> we do have a nobel laureate at the table. robert engel is a nobel laureate in economics who won the prestigious award in 2003 for his work analyzing volatility. he's also a professor of finance at nyu's school ofs. while we have you, do you have views on the fiscal cliff? >> you know, the fiscal cliff is on everybody's radar, but i think it's not the only thing that needs to be on our radar because i think that the situation in europe could actually turn out to be just as damaging for the u.s. economy as the fiscal cliff. >> is that a picture of us if we don't handle our problems here too? is that the ghost of the future? >> i think in both cases, we're talking about politics getting in the way of economics. i think the fiscal cliff could be dealt with exactly as you said. if the politics weren't such a big issue, this could be solved. >> so wh
there's got to be fat in the defense industry. >> what about aetna who says this is going to lead to layoffs to the point where it increases their medical costs. so they're going to lay off people. >> we should introduce our nobel laureate. >> we do have a nobel laureate at the table. robert engel is a nobel laureate in economics who won the prestigious award in 2003 for his work analyzing volatility. he's also a professor of finance at nyu's school ofs. while we have you, do...